What happens if I close my account while I still have a Buy Now Pay Later balance?

If you close your account while you still have a Buy Now Pay Later (BNPL) balance, you will still be responsible for repaying the outstanding amount according to the terms and conditions of your BNPL agreement. Closing your account does not absolve you of your payment obligations.

Typically, when you close your account with a BNPL provider, they will still require you to continue making payments on the remaining balance. They may send you a final statement or invoice outlining the outstanding amount and provide you with alternative payment options. Failure to repay the balance can result in late fees, penalties, or other consequences, depending on the terms and conditions of your BNPL agreement.

It's important to review the terms and conditions of your BNPL agreement and contact the BNPL provider directly to understand their specific policies regarding account closure and repayment obligations. They will be able to provide you with guidance on how to settle the remaining balance and any potential implications of closing your account.